Governor Ricardo Rosselló Nevares. (Xavier J. Araújo Berríos)

Following a plea for assistance from governor Ricardo Rosselló Nevares, the Oversight Board (OB) yesterday filed with the federal district court of Puerto Rico a petition under Tittle III of PROMESA in hopes of staving off 22 suits against the Government and engaging in negotiations with bondholders that would put an end to a decade of fiscal hardship and economic contraction.


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